
Hong Kong Securities and Futures Commission: Licensed virtual asset trading platforms are permitted to share order books with affiliated overseas platforms

On November 3rd, the Hong Kong Securities and Futures Commission (SFC) issued a new circular allowing licensed virtual asset trading platforms to share order books with affiliated overseas platforms to enhance market liquidity and competitive pricing. This is the first step of the ASPIRe roadmap, aimed at attracting global trading flows. The SFC also permits platforms to sell new virtual assets and tokenized securities to professional investors and explore the feasibility of transferring customer trading instructions to overseas liquidity pools. CEO Ashley Liang stated that this move is key to promoting the development of Hong Kong's digital asset ecosystem
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